Pharos, a hospital reporting platform provider, announced on Friday that it has secured $5 million in seed funding round to expand its engineering team to enable users to report new registries and measure process metrics.
Co-founded in 2024 by Felix Brann, Matthew Jones, and Alex Clarke, the company helps hospitals automate their clinical quality reporting, simplifying submissions to state and national registries, and eliminating the inefficiencies of manual abstraction.
The seed financing round was backed by Felicis, with participation from Moxxie, General Catalyst, and Y Combinator.
Pharos’ platform also automatically extracts custom process metrics, making it easy for quality teams to detect and fix process failures that could cause harm to patients. This is particularly critical for addressing issues such as pressure ulcers, sepsis mortality, and hospital-acquired infections.
Revolutionizing Hospital Quality Reporting Via Automation
Pharos’s automation platform enables healthcare organizations to save many hours used to manually abstract metrics based on unstructured clinical records, which are crucial for understanding various patient safety events and fulfilling registry requirements.
The platform alleviates the expensive manual abstracting and reporting processes, enabling healthcare professionals to receive critical patient data and resolve process failures in real-time. This allows clinicians more time to serve patients, increasing the number of patients attended to daily while improving patient care outcomes.
With the Pharos automation system, hospitals can automate quality reporting, allowing them to report to relevant registries and track their metrics without ending up with a reviewer backlog.
